Elon Musk’s lawyer has announced that the world’s richest people can withdraw their $ 97.4 billion offer to buy OpenAI’s profit -free structure, but on a condition. That condition is that the firm does not turn into a structure of profit aims at protecting the mission of public interest ”.

Musk tries to prevent the attempt, which he is the founding partner and then left it into a profit -purpose company; This transformation move is vital for OpenAI to obtain more capital and to remain ahead of the artificial intelligence race.

It is also possible to note that Musk is directly competitor of OpenAI and other AI companies with the XAI company established in 2023.

Musk can withdraw his offer but …

This statement was included in a petition submitted by Musk’s lawyer to the US Regional Court in California on Wednesday. In the petition, Musk’s proposal is defined as a serious offer, while OpenAI’s non -profit structure should be compensated by a reasonable buyer.

This development emerged as a part of the events after his proposal to buy OpenAI’s non -profit structure for $ 97.4 billion with the investors of Musk and the artificial intelligence company XAI. OpenAI CEO Sam Altman and the Board of Directors of the company quickly rejected Musk’s proposal. In fact, the Board of Directors said they did not receive an official offer. Lawyer Andy Nussbaum, representing the OpenAI Board of Directors, said in a statement that Musk’s proposal did not determine a value for OpenAI’s non -profit organization and that the organization is not for sale.

In 2019, OpenAI was founded in 2015 by the founding partners, including Elon Musk, as a non -profit company before moving to the “limited profit” structure. Musk left the company in 2018.

However, OpenAI is currently trying to turn into a traditional profit company, especially a company that works for the public interest. Musk is trying to stop it exactly. Many analysts, regardless of the outcome, said that this offer will make it difficult for OpenAI to turn into a profitable company, because it would set a high base value for the non -profit -free organization that controls the initiative. OpenAI is currently trying to attract investment over a valuation of approximately 260 billion dollars.